Yes, we knew this was coming, but w/ 18 billion in debt, this was a must. Flood is a cheap policy anyway, but $550 doubled will now be $1100 in 4 years so it will have an impact for homeowner’s. In Florida and Fort Lauderdale, we all are in a flood zone and some have preferred flood rates. Preferred rates are very reasonable at less than $365 per year so it is still not bad when the rates do increase. If you have or need a mortgage, then you must have Flood, so nothing we can do. Also, Flood rates are the same w/ every agent, no matter what.Please call L & S Insurance at 1-888-244-7400 for a quote on Flood, Home, Auto, Business & Commercial and even Life Insurance. Please read the full article below brought to us by our friends at First State Insurance and Julie Patel of the Fort Lauderdale Sun Sentinal.